Macau has reported gross gambling revenue of MOP7.76bn (US$963.8m) for February, up 22 per cent month-on-month.
Macau.- Macau’s gross gaming revenue (GGR) was up 22 per cent month-on-month in February from MOP6.34bn (US$793m) to MOP7.76bn (US$963.8m). The figure was also up 6 per cent when compared to February last year, when revenue was MOP7.31bn (US$914.5m).
According to analysts at JP Morgan Securities, mass GGR recovered to about 48 per cent of pre-Covid levels, while VIP was at around 5 per cent. For the first two months of 2022 combined, Macau’s GGR stands at MOP14.1bn (US$1.75bn), down 8 per cent year-on-year.
Macau’s gross gaming revenue (GGR) for the Chinese New Year period was up 60 per cent when compared to 2021. Average daily tourist arrivals were up 25.4 per cent year-on-year to 16,242 visitors. There were 113,699 visitors over the whole holiday period, up 25.4 per cent year-on-year.
Mainland China continues to be the only country to have a largely quarantine-free travel bubble with Macau. Those crossing the land border from China must present a Covid-19 test taken no more than 48 hours prior. For air arrival the test must be 7-days prior.